SAB Events & Governance Now Media Ltd's Pre-Packaged Insolvency Resolution Process Initiated Under IBC

SAB Events & Governance Now Media Ltd, a public company incorporated on 21.03.2014, has had its petition for initiation of Pre-Packaged Insolvency Resolution Process (PPIRP) admitted by the National Company Law Tribunal, Mumbai Bench. The company, which operates under the flagship brand 'Governance Now', entered into a Facility Agreement with Moviestar Production Services Pvt. Ltd for a facility amounting to Rs. 10,00,00,000. However, due to non-payment, a Demand Notice and Legal Notice were issued. The company proposed a payment of Rs. 10,00,000 which was rejected. The Board of Directors granted authority to initiate and file the Application for PPIRP. The Unrelated Financial Creditors approved the initiation of PPIRP. The financial summary as of 04.10.2025 shows Total Assets at 124,65,330 and Total Equity and Liabilities at 11,24,330.